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adding tax hikes on dividends and capital gains. the white house wants 50 billion in new spending next year alone in a long-term deal that is supposed to be about cutting spending. >> not even $400 billion in cuts and they want to have this extra spending that is actually greater than the amount theye willing to cut. it was not a serious proposal. >> the president may have the upper hand because the fiscal cliff tops allow him to back the opposition into a corner by framing this as republicans raising taxes. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. that is sort of like a lump of coal you get for christmas. >> congressional democrats operating like they don't have to compromise on spending or taxes. >> elections have consequences. the president campaigned, made it very clear. made very clear thathe was supporting tax cuts for the middle-class, that he wanted the expiration of the tax cuts for the high end. >> very little progress among the inside player so fa
adding tax hikes on dividends and capital gains. the white house wants 50 billion in new spending next year alone in a long-term deal that is supposed to be about cutting spending. >> not even $400 billion in cuts and they want to have this extra spending that is actually greater than the amount theye willing to cut. it was not a serious proposal. >> the president may have the upper hand because the fiscal cliff tops allow him to back the opposition into a corner by framing this as...
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gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there is no other standard flying over that field. there is a spker of the house to is simply saying, this is not right. you know, we are not at the table and complaining, but not, not engaging. >> i think we have got to engage the argument. we cannot win the argument while acknowledging that an increase in tax rates would increase revenues and all. it will just today the top 1 percent are paying about 40 percent of the income tax. the top 25 percent are paying 87% of the income tax. it does not get any better than that. this is under the bush tax rates. you eliminate the tax rates and you will get less revenues, more capitol flight from the united sta
gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there is no other standard flying over that field. there is a spker of the house to is simply saying, this is...
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Dec 29, 2012
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lou: let's start with the idea taxes that this president wants $1.6 trillion in new taxes. that is a heck of an initial bargaining position, isn't it.> >> the president talks about tax rates.te he wants tax rate increases and he converted into dollars.x rev the real question is can you raise tax revenues.se the only way that we will raise enough revenues to get us out of trouble is private sectorsetor growth. tas you will not have private sectoc growth if you're saraying thate you're going too raise their health care costs or energy costs or labor costs. going t people aroe going to invest. job you are going to find that job creation is unique. american businesses want aess io president to succeed. i didn't vote for him, but hisey success is tied to my success. t conversely, his success is tied to the success of american bs business. there ought to be some common ground here. i'm just not seeing it yet. youh lou: what do you think of the idea that it doesn't ceos from companies show that the white house to talk big with the big guys, but small business thatf creates most th
lou: let's start with the idea taxes that this president wants $1.6 trillion in new taxes. that is a heck of an initial bargaining position, isn't it.> >> the president talks about tax rates.te he wants tax rate increases and he converted into dollars.x rev the real question is can you raise tax revenues.se the only way that we will raise enough revenues to get us out of trouble is private sectorsetor growth. tas you will not have private sectoc growth if you're saraying thate you're...
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Sep 19, 2012
09/12
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those tax breaks or reduced taxes. in fact, the top 1%, the top 1% of this country, 1% of the population, those income earners, are paying 36.73% of. is that fair, mr. president? you're all about fairness? i want to get that out there and talk about it. i know it's a gaffe in some people's mind to talk about 1% because they're very wealthy paying over a third of the income taxes in the country. the top 5%, by the way, to all of my friends in the mainstream media, the top 5%, the top 5%, okay, are paying 58, 58.66%. that is the top 5%. the bottom half, now, let's get this thing adjusted, the bottom half are paying 2.25%. you get all the way down here, they're paying 2.25% of the taxes, the income taxes. and you're hearing a president squeal and squawk about redistribution and fairness and that he beliefs in fairness and redistribution. you can't redistribute any better than that unless you make it zero. want to go for zero? perhaps the national media should do a little research once in a while before they start talking
those tax breaks or reduced taxes. in fact, the top 1%, the top 1% of this country, 1% of the population, those income earners, are paying 36.73% of. is that fair, mr. president? you're all about fairness? i want to get that out there and talk about it. i know it's a gaffe in some people's mind to talk about 1% because they're very wealthy paying over a third of the income taxes in the country. the top 5%, by the way, to all of my friends in the mainstream media, the top 5%, the top 5%, okay,...
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Oct 29, 2012
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they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-president, his view o things and, his expression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no caseon economic grounds to raise taxes. joining me now, senior economic writer for the wall street journal, stephen moore, author of the new bok, the truth about opportunity, taxes, and wealth in america. great to have you with us. >> great to be with you. can i say something? this is really the problem in washington. you know, and it's not just joe biden. these politicians can't tell the difference between a billion and a trillion. the the numbers are so big now, everybody's eyes glaze over. a trillion dollars, million million. all lot of zeros. lou: and you know what, we, like you, cover these big numbers all the time. and i can't blame anyone whose eyes glaze over on these numbers abstraction's beyond comprehension irrespective of who is speaking abo
they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-president, his view o things and, his expression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no caseon economic grounds to raise taxes. joining me now, senior economic writer for the wall street journal, stephen moore, author of the new bok, the truth about...
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lou: $600 billion in taxes? >> spending reductions and tax increases. the economy can't handle that. without a doubt, head into recession if we're over the cliff. lou: now, are you in agreement? >> i am, carl's absolutely right, nevertheless, the markets have effectively been yawning. equity markets, go higher, corporate credit market improves, commodity prices rising, and the ten-year treasury yield is dipping to new lows. i can't figure this out. everybody seems to -- lou: i know -- >> they are in a mood, and that worries me. somebody has to be wrong, and big time. >> yawning until they don't. that's the concern. lou: i know this would be stunning and alarming to economists who would never contemplate themselves being wrong on this, but is this some possibility that everyone is wrong about this? that these are actually men and women of good will in both parties who are beginning to come together in one great warm embrace sometime before christmas day and give the nation such a great boost of spirit of good will and reach agreement here? >> i don't kno
lou: $600 billion in taxes? >> spending reductions and tax increases. the economy can't handle that. without a doubt, head into recession if we're over the cliff. lou: now, are you in agreement? >> i am, carl's absolutely right, nevertheless, the markets have effectively been yawning. equity markets, go higher, corporate credit market improves, commodity prices rising, and the ten-year treasury yield is dipping to new lows. i can't figure this out. everybody seems to -- lou: i know...
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Sep 21, 2012
09/12
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taxes. you know, senator harry reid has to be very upset. governor romney releasing his 2011 income tax returns with tax rates he paid over the past two decades as well. we have the report. >> after months of pressure mitt romney released his 2011 tax returns on a friday afternoon. documents showed that gross adjusted income totaled $13 million for the year. they paid almost 2 million for its effective tax rate of 14%. amounted to one-third of their income but on the klan direction of two and five. never less than 13% taking deductions for half of his charitable the -- donations. appositive a president obama released his tax return in april showing an adjusted gross income of 163,000 taxes. also released by the romney campaign today a notarized letter from the text prepared showing from 1990 his average tax rate was 22%. both also released medical records indicating they are in excellent health, all on a day in which the battle escalated in nevada where polls are virtually tied. a 1-2 punch
taxes. you know, senator harry reid has to be very upset. governor romney releasing his 2011 income tax returns with tax rates he paid over the past two decades as well. we have the report. >> after months of pressure mitt romney released his 2011 tax returns on a friday afternoon. documents showed that gross adjusted income totaled $13 million for the year. they paid almost 2 million for its effective tax rate of 14%. amounted to one-third of their income but on the klan direction of two...
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Oct 10, 2012
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if that i want to tax something, subsidize what you want and tax what you don't, maybe they should tax really dumb politicians. >> up next, polls turning in governor romney's favor, strongly, some mainstrm media are having a fit, man are turning on the president. we will take that up with the a-team, which is next. liz macdonald. and other file there coming down christopher hahn, next. overmany discounts to thine customers! safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy savet what are you doing? we doth offer so many discounts, we have some to spare. oh, you have a of those homeowrs' discounts? thank you. he took my shield, my lady. these are troubling times in the kinom. more dcounts than we knoweth whato do with. now, that's progressive. lou: joining us now the a-team, good to have you here. let's start with you, this market sole off today, it looks very weak, talking with lewis lehrman earlier, i did not hear a lilt in his face talking about future prospects. >> looks like a little cash taken off the table there, running to t
if that i want to tax something, subsidize what you want and tax what you don't, maybe they should tax really dumb politicians. >> up next, polls turning in governor romney's favor, strongly, some mainstrm media are having a fit, man are turning on the president. we will take that up with the a-team, which is next. liz macdonald. and other file there coming down christopher hahn, next. overmany discounts to thine customers! safe driver, multi-car, paid in full -- a most fulsome bounty...
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Nov 30, 2012
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that is higher taxes, raising tax rates, and taxes on investment income. at least $50 million in new stimulus spending in the next fiscal year alone. mind you, of course, the republicans looking for spending cuts as an offset to their agreement to raise taxes. the only spending cuts in the plan come from cutting medicare and other programs by 400 billion over the coming decade. timothy geithner also requesting the equivalent of a permanent increase in the national debt limit. president obama remarkably consistent in his intent to raise taxes on the top 2% of taxpayers. half of those are small-business men and women. the entire election season, he did say a number of times since being reelected, and he's not backing off. the president and his baath insist on higher taxes for the so-called wealthy. remarkably, republicans seem surprised by secretary geithner. chief correspondent ed henry with our report. reporter: optimism faded as timothy geithner let the republicans to declare the talks are going nowhere. >> i'm disappointed. i'm disappointed in where we a
that is higher taxes, raising tax rates, and taxes on investment income. at least $50 million in new stimulus spending in the next fiscal year alone. mind you, of course, the republicans looking for spending cuts as an offset to their agreement to raise taxes. the only spending cuts in the plan come from cutting medicare and other programs by 400 billion over the coming decade. timothy geithner also requesting the equivalent of a permanent increase in the national debt limit. president obama...
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he will not pay the tax rates. fairness is among the other americans, not him. that's my two cents more. thars all for to be the. thank you for joining us, dvr the show if you can't catch us live. have a great night. we'll see you right back here tomorrow. ♪ lou: the obama administration tonight ramping up diplomatic efforts to end seer -- syria's bloody civil war and the fear assad could use chemical weapons against his own people. the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meeting with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and today, a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary clinton insisted that the united states and russia share common goals in the region. >> trying
he will not pay the tax rates. fairness is among the other americans, not him. that's my two cents more. thars all for to be the. thank you for joining us, dvr the show if you can't catch us live. have a great night. we'll see you right back here tomorrow. ♪ lou: the obama administration tonight ramping up diplomatic efforts to end seer -- syria's bloody civil war and the fear assad could use chemical weapons against his own people. the military is prepared to use poisen gas bombs, secretary...
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Nov 29, 2012
11/12
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why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not wanting to raise taxes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mean -- >> it doesn't go on. it does not go on. here's the good news. all the people who last week and said we might raise taxes under certain circumstances with the same people who said that two years ago. and every news media outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced you areefor tax increases and we will tell everyo
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not...
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Dec 13, 2012
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taxes and raise spending, we need to raisin come taxes for all politicians to 90% gross of their income. -- love it. we love hearing from you. send your e-mail to us. that is it to night's gerri willis report, thank you for joining us, have a great night, we'll see you tomorrow. lou: good evening, president obama working hard, to be president of all of the 47%. and big business is aligned with the president and his quest to raise taxes on everybody. here is the president today acknowledging that his promise not to raise taxes on middle class will be nul and void on january 1st. the president in his own words confirming that tax hike, coming irrespective of the fiscal cliff outcome. >> taxes are going to go up one way or the other, the key is to make taxes go up and high-end individuals, i am confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. lou: obamacare, guarantees taxes are going up. 5 new obam obamacare-based taxeo kick in next year. a 3.8% surtax on unearned income, and call chains and dividend 18.8%, and a
taxes and raise spending, we need to raisin come taxes for all politicians to 90% gross of their income. -- love it. we love hearing from you. send your e-mail to us. that is it to night's gerri willis report, thank you for joining us, have a great night, we'll see you tomorrow. lou: good evening, president obama working hard, to be president of all of the 47%. and big business is aligned with the president and his quest to raise taxes on everybody. here is the president today acknowledging...
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Nov 28, 2012
11/12
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in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that'simpressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more impressive. 365 electoral votes to 1703. wait a minute. that's quite a little difference . of falloff in the popular vote and a ar less impressive electoral victory this year. let's look at the legislative branch, th senate, the house. fifty-five for democratic senators. forty-five will be republican. 200 democratic representatives to 234 in the house of representatives. he is down here. pretty impressive for the republicans. by the way, when you combine the senate and house there are still a lot more republicans than capitol hill then there ar
in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that'simpressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more...
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Sep 28, 2012
09/12
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lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from the e.u. the of every country are making money. there are rich people everywhere yet to they3 there are rich people everywhere yet to they do not contribute to the growth of their own country. lou: there are rich people everywhere. she is worth over 100 million. what is she thinking about? and just have to give them our national sovereignty? what an absurd concept. we are ready to contribute 22% of the when budget almost $8 billion to the united nations. our favorite angry liberal on a quest to offend more people. taking shots at almost everyone on the online t
lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from...
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Nov 24, 2012
11/12
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let's have income taxes at 15%, gift taxes at 15%. let's make sure that warren buffett probably starts paying not just like a secretary, a proper percentage. what has been proposed will not have warren buffett paying this percentage. let's have a flat tax. take him at his word and if you make more common you will pay more, not the only way it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that the last time that the senate had a budget is when harry reid worked with his friend, and nobody in the 2008 budget complained that they weren't spending enough money. that cuts out a trillion in spending right there. are you concerned about the time that they had taken have taken on this first day of the discussion? >> i was not hopeful that the president's tone. [talking over each other] [talking over each other] lou: are you being partisan here? >> i am not being partisan. i am being objective when i say that the president pays 1.6 trillion in new
let's have income taxes at 15%, gift taxes at 15%. let's make sure that warren buffett probably starts paying not just like a secretary, a proper percentage. what has been proposed will not have warren buffett paying this percentage. let's have a flat tax. take him at his word and if you make more common you will pay more, not the only way it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that...
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Nov 27, 2012
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but going to the tax pledge, it is a little bit complicated. he makes the point that no republican has voted for a tax increase and congress and something like 20 years. that is true, except for we are going to get tax increase on january 1st congress does nothing. pursuant to push tax cuts in 2001 and 2003 which many republicans voted for. the law in 2010. lou: worrying about the niceties and the details. we're looking at a fiscal clef. but some senators running around. sitting there trying to, you know, it seems to me, rollover for the president. >> perhaps. if they don't roll over, if they stand firm and there is no agreement taxes go up anyway. lou: with that we come back. we'll be right back. lou: we're back with the a-team, the fiscal cliff, grover norquist. will the president step up and deal with the issue of entitlement. >> i believe he will, he must, and he has, to but with regard to norquist. only thing we're desperate about a man about to lose his power is a man about to lose his relevant, i think that republicans, have started to s
but going to the tax pledge, it is a little bit complicated. he makes the point that no republican has voted for a tax increase and congress and something like 20 years. that is true, except for we are going to get tax increase on january 1st congress does nothing. pursuant to push tax cuts in 2001 and 2003 which many republicans voted for. the law in 2010. lou: worrying about the niceties and the details. we're looking at a fiscal clef. but some senators running around. sitting there trying...
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Dec 22, 2012
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. >> averting this middle-class tax hike is not a democratic responsibility or republican responsibility. with their foes the american people have determined that governing is a shared responsibility between both parties in this congress laws can only pass with support from democrats and republicans, and that means nobody gets 100 percent of what they want. lou: there are only ten days remaining to the fiscal cliff. president obama headed to vaue within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiatns with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbers, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't. the plan be option collapsing last night when he failed to get republican support to raise taxes on only those making more than a million dollars a year. over in the senate majority leader harry reid pounced on
. >> averting this middle-class tax hike is not a democratic responsibility or republican responsibility. with their foes the american people have determined that governing is a shared responsibility between both parties in this congress laws can only pass with support from democrats and republicans, and that means nobody gets 100 percent of what they want. lou: there are only ten days remaining to the fiscal cliff. president obama headed to vaue within actually minutes, and members of...
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Nov 25, 2012
11/12
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let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this i thenly way that that is going to happen. >> lou: you know, i believe the speaker boehner, perhaps the president himself may have been talking to you, talking to steve forbes and others who talked about theossibility of reforming the entire tax code. that could -- >> this is a great time. you know, the kind of time... and, not only that, let's don't forget the last time that the senate had a budget, it was when harry reid worked with his friend, speaker pelosi and nobody in the 2008 budget complained that it wasn't spending enough money. let's go back to 2008. $2.5 trillion, and cuts off a trillion in spending, right there. >> lou: there are all sorts of ways to get there, as you suggest here t
let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this i thenly way that that is going to happen. >> lou: you know, i believe the speaker boehner,...
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Aug 30, 2012
08/12
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nineteen major tax hikes, a millionaire's tax, sales tax from a vehicle tax, a tobacco and alcohol sales tax. maryland and governor o'malley. they are behind it. as a result, the tax group, antitax group called change maryland, is comprised of 30,000 former wealthy residents of maryland. they fled the state and its high taxes. they are out of there. that is estimated to have cost maryland more than $1.5 billion. $1.5 billion. that is part of a larger trend. maryland has 100,000 residents. 100,000 residents in the past decade. let's contrast that with virginia. virginia has lower corporate tax rates than maryland. virginia actually gaining more than 100,000 residents. 107,000 residents over the past decade. meanwhile, virginia just posted its third straight but coetzer plus. -- third surplus. virgin is 5.7% unemployment rate is the lowest in the entire region. much lower than maryland. which, by the way, is much better than the country. it has seen unemployment rise from 6.5% -- 6.5% at the beginning of the year, and that has now risen to nearly 7%. 6.9%. in the course of six months, you
nineteen major tax hikes, a millionaire's tax, sales tax from a vehicle tax, a tobacco and alcohol sales tax. maryland and governor o'malley. they are behind it. as a result, the tax group, antitax group called change maryland, is comprised of 30,000 former wealthy residents of maryland. they fled the state and its high taxes. they are out of there. that is estimated to have cost maryland more than $1.5 billion. $1.5 billion. that is part of a larger trend. maryland has 100,000 residents....
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Dec 26, 2012
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low tax rates bring more revenues, not less venues. lou: do you interpret all of the drama to be a lack of faith? in front of the growth model that has been demonstrated, as you point out, over the past two years. they are really saying the economy cannot grow fast enough to support the government. we will not see revenue increase unless we raise taxes. >> that is correct. the pre-verse thing is you don't get growth if you raise tax rates. in california and several other states that topate is approaching 50% effectively with a 50% top rate, a business have as much incentive to fire somebody to lower-cost as to hire somebody to increase revenues. lou: it is a high risk experiment, but nonetheless experiment bringing tax levels above 50%, the nation see califa behave as the canary in the coal mine, if you will, when it comes to economic growth and the ability to support an ever-growing government? >> of course. people are just fleeing california. california is what happens to countries that raise their tax rates. entrepreneurs flea and w
low tax rates bring more revenues, not less venues. lou: do you interpret all of the drama to be a lack of faith? in front of the growth model that has been demonstrated, as you point out, over the past two years. they are really saying the economy cannot grow fast enough to support the government. we will not see revenue increase unless we raise taxes. >> that is correct. the pre-verse thing is you don't get growth if you raise tax rates. in california and several other states that...
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any time the republican candidate is viewed as the tax sector. in many had to defend his position in the debate he was a way out of his way to say if you are wealthy and all you're not getting anytax cuts, and it was a defensive argument on a fundamental issue rather than pointing president obama had twice argue in public that raising taxes in an economic downturn would doom the economy. the president of the united states said th and iran on a proposal. lou: two things that seem peculiar. i would love for both of you to respond. i heard a lot of bonn, about the tea party. the tea party did not exist in is election. it was a non factor. why in the world would there be so much concern in the republican party about the tea party. why was there an idea that you're better off today than you were four yars ago and pick 2008 as the year, the baseline, and it was a lousy year. in point of fact, just about everybody is. what do you make? very quickly. >> your immediate question, yes, we were better off than the dept of being in a whole. president clinton
any time the republican candidate is viewed as the tax sector. in many had to defend his position in the debate he was a way out of his way to say if you are wealthy and all you're not getting anytax cuts, and it was a defensive argument on a fundamental issue rather than pointing president obama had twice argue in public that raising taxes in an economic downturn would doom the economy. the president of the united states said th and iran on a proposal. lou: two things that seem peculiar. i...
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Dec 20, 2012
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lou: i remember a tax increase in there too. >> cap gains tax increase you are right. lou: artur laffer always g goodo talk with you. >> thank you. lou: up next an independent panel blames state department failures in benghazi on -- >> we take that up next. >> a motive in sandy hook shooting tragedy has emerged. putting mental health in the spotlight. dr. gail salt will join us next. lou: three state department officials have resigned in the wake of a damning new report on the state state department's handling of the benghazi terrorist attacks. an independent panel, including management, lead to a lack of security at the consulate consulate and the murder of four americans, including u.s. ambassador christopher stevens. chief intelligence correspondent catherine herridge is in washington, and she has a closer look at the findings. >> at 39 page unclassified report into the benghazi terrorist attack is dating. within hours of its release, three state department officials, including this woman and her boss resigned under pressure as investigators laid the blame upon secr
lou: i remember a tax increase in there too. >> cap gains tax increase you are right. lou: artur laffer always g goodo talk with you. >> thank you. lou: up next an independent panel blames state department failures in benghazi on -- >> we take that up next. >> a motive in sandy hook shooting tragedy has emerged. putting mental health in the spotlight. dr. gail salt will join us next. lou: three state department officials have resigned in the wake of a damning new report...
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Dec 22, 2012
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lou: if there is no agreement, taxes will go up on all american taxpayers and hundreds of billions of dollars in automatic government spending cuts will kick in. potentially plunging the economy back into recession. after the boehner plan fails stock markets around the world reacted and reminded the president, congress, and th senate that more failures of leaders and failures to reach compromise in washington will have on pleasant and possibly exceedingly painful consequences wall street today sold off sharply despite more posite news on an economy that is now obviously growing anduilding momentum. the dow jones industrial fell 121 points. the s&p down 39 and a half, nasdaq lost 29 points. to assess what is now a bright new economic prospects and the nsequence of further gathering in irresponsibility in washington, we are joined by economist john lonski, noted fund manager and strategist harvey eisen, and in other news from washington tonight president obama nominating senator john kerry to be the next secretary of state wih their views on kerry, benghazi, obama's foreign policy. we w
lou: if there is no agreement, taxes will go up on all american taxpayers and hundreds of billions of dollars in automatic government spending cuts will kick in. potentially plunging the economy back into recession. after the boehner plan fails stock markets around the world reacted and reminded the president, congress, and th senate that more failures of leaders and failures to reach compromise in washington will have on pleasant and possibly exceedingly painful consequences wall street today...
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Nov 23, 2012
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tax. why? because hispanics remain at the lower level of the economic planner, and they use government welfare programs at a very high rate. lou: i welcome this discussion, now being started by the republicans on reforming our immigration laws someone. but i hope that there is not a rush to judgment that somehow moves across this vast sea of facts and realities that have been avoided by both political parties. the american people really need to understand what is happening. the hispanic community needs and understand what is happening. the idea that you are broaching here that this country should be selecting those it brings into the united states based on their skills, talents, that is going to be a tough sell minette land bridges there down south. >> absolutely, and that is why amnesty is very risky because it means that stopping the flow of illegal aliens from that land bridge is going to be even more difficult. lou:f there is to be an amnesty, it will be the third in the last 26 years.
tax. why? because hispanics remain at the lower level of the economic planner, and they use government welfare programs at a very high rate. lou: i welcome this discussion, now being started by the republicans on reforming our immigration laws someone. but i hope that there is not a rush to judgment that somehow moves across this vast sea of facts and realities that have been avoided by both political parties. the american people really need to understand what is happening. the hispanic...
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Dec 19, 2012
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pricing in minimal taxes, say, you know, maybe $500 being? are -- $500 billion or cuts, $6 trillion? i don't think so. >> certainly not. lou: what gives investors such excitement they go out and throw money at stocks? >> i think the excitement is just that there's an increasing chaace we're going to avoid going off the cliff, and that would be such a potentially damaging factor for the economy that if we increase the chances we're not going to do that, i think that gets people excited. in terms of tackling the long temple budget problems, no, i don't think anybody is of the view that, hey, we're going to do that in the next few days. lou: nobody's under the illusion that this s for real? that we're talking about substantive budget reform, talking about real, honest to gosh debt reduction? >> i think that the fiscal story is a drama to play out in several acts. act one -- hopefully not a tragedy -- act one -- lou: it's been a farce to this point. >> well, maybe, but act one is avoid the fiscal cliff, okay? i think that's increasingly looking l
pricing in minimal taxes, say, you know, maybe $500 being? are -- $500 billion or cuts, $6 trillion? i don't think so. >> certainly not. lou: what gives investors such excitement they go out and throw money at stocks? >> i think the excitement is just that there's an increasing chaace we're going to avoid going off the cliff, and that would be such a potentially damaging factor for the economy that if we increase the chances we're not going to do that, i think that gets people...
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but you don't have to wait for the tax hikes. $317 billion in new taxes. set to kick in january 1st. and we will show you the latest tax increase brought to you by the people who created obamacare . get ready for armageddon. is america reelly headed to help? is there any way to stop the document author of after america, mark stein joins me next. ♪ ♪ lou: welcome all fundamental dishonesty at the heart of america's financial crisis. my next guest saas americans really seems of want a european size government with current american size tax rates. one or the other has got to go. we will see. joining us now, author of the best seller, get ready for armageddon. also, a recording of -- i will explain my laughter. his new holiday cd, making spirits bright available on the amazon and itunes. i am trying to think how to do it. >> the words stuck in your throat. lou: it is terrific. it is wonderful. here to prove the point, and it's ggod to have you. i wish you lots of luck. by the way, s t eyn. that's right. and i got it covered. >> that's right. why do i have
but you don't have to wait for the tax hikes. $317 billion in new taxes. set to kick in january 1st. and we will show you the latest tax increase brought to you by the people who created obamacare . get ready for armageddon. is america reelly headed to help? is there any way to stop the document author of after america, mark stein joins me next. ♪ ♪ lou: welcome all fundamental dishonesty at the heart of america's financial crisis. my next guest saas americans really seems of want a...
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Sep 10, 2012
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. >> tax cuts when times are good and tax cuts one times are bad. tax cuts help you lose a few extra pounds. tax cuts to improve your love life. reporter: one of the only new element of the acceptance speech was to create 1 million new manufacturing jobs. yet, today we learn that manufacturing, the key to the recovery so far, lost jobs for the first time in a year raising questions about this claim from the vice president. >> because of the decisions he has made, and the incredible strength of the american people, america has turned the corner. democrats felt good coming out of their convention despite hiccups like the initial decision to leave god and jerusalem out of the party platform before they were put back in. on the positive side, there were well-received speeches by the first lady, vice president and bill clinton, who got a special shout out today. >> somebody e-mailed me after a speech and said you need to appoint him secretary of explaining stuff. [laughter] that's pretty good. i like that. secretary of explaining stuff. the explainer. re
. >> tax cuts when times are good and tax cuts one times are bad. tax cuts help you lose a few extra pounds. tax cuts to improve your love life. reporter: one of the only new element of the acceptance speech was to create 1 million new manufacturing jobs. yet, today we learn that manufacturing, the key to the recovery so far, lost jobs for the first time in a year raising questions about this claim from the vice president. >> because of the decisions he has made, and the incredible...
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Aug 27, 2012
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no tax increase, and serious serious spending reform. if obama is elected president, there is a 500 billion-dollar tax increase if the democrats are in charge next year or a 5 trillion over the next decade. lou: so what you are saying -- what you are saying is that senator patty murray and the democratic leadership in washington dc and this president have just handed the republican party their message and their definition and perhaps, the greatest, most compelling appeal to voters in 2012. >> yes. we know that now because patty murray in the president are bragging about it. but we also know it because they telegraph that when in all of of 2010, when the democrats have the super majority in the house come house come in the senate, and they have the presidency, if they wanted to make any part of those bush tax cuts permanent for any income group, they could have done that. but they chose to extend the tax cuts for nobody. not the poor or middle class. nobody. lou: grover, i think that i got it. nobody. i got it. what i don't quite get, is
no tax increase, and serious serious spending reform. if obama is elected president, there is a 500 billion-dollar tax increase if the democrats are in charge next year or a 5 trillion over the next decade. lou: so what you are saying -- what you are saying is that senator patty murray and the democratic leadership in washington dc and this president have just handed the republican party their message and their definition and perhaps, the greatest, most compelling appeal to voters in 2012....
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Dec 14, 2012
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it's irresponsible to talk about taxes. in the logical significant for the president, but it is absolutely meaningless in terms of feeling substantive -- dealing substantively and meaningfully with the spending problem that is utterly bankrupt in the country. >> it's about time he said that and it's about time his message were clear. if you think of the people are attacking him, you got to pay them to do it. he sounds more rational than some of those republicans. lou: those who would like to play their role, if you will, of eric cantor circa 2011. everybody got a lesson during the tea party years. the speaker, even though there is much discussion in the national media, the speaker seems to have the lead of this party. he seems to have the support of this party, and those who are in opposition seem to be utterly on the fringe. >> the name of the game in politics, and we talk about this all the time, managing expectations. the speaker has been held by the president tremendously in keeping his caucus together because the presi
it's irresponsible to talk about taxes. in the logical significant for the president, but it is absolutely meaningless in terms of feeling substantive -- dealing substantively and meaningfully with the spending problem that is utterly bankrupt in the country. >> it's about time he said that and it's about time his message were clear. if you think of the people are attacking him, you got to pay them to do it. he sounds more rational than some of those republicans. lou: those who would like...
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Nov 24, 2012
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we will not see it unless we raise taxes. >> of course, you don't get growth if you raise tax rates. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing government? >> it is a microcosm what happens to countries that raise their tax rates and entrepreneurs we and welfared recipients come in and there is the unsustainable state of affairs. need while they destroy silicon valley with ultimately our potential. angling foer that everybody is singling for green subsidies and it is a tragedy. >> and the money that hasby this been spent as venture money like solyndra has beendisastrou. disastrous. >> they are a stultifying to dea turn people into a than him uppt blubbering idiot t. >> he now wants us to support him rather than support the country. lou: he is bein
we will not see it unless we raise taxes. >> of course, you don't get growth if you raise tax rates. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing...
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Dec 31, 2012
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the last time they finished the deal the tax deal we got a couple years ago that extended tax rates, cut the social security tax by a couple points. all of that ongoing right now and that is really the last hope we have to get something done before the fiscal cliff. >> does the minority leader and the senate, do they concur with the house of representatives. because it's eventually going to have to go through the house? >> absolutely. they would remaining in contact. just to make sure that the house would be agreeable to whatever the senate minority leader put out. democrats would have to be apprised of that as well but any agreement is probably going to need democrats in the house of representatives. the house is also working on a number of procedural maneuvers tonight to pave the way for quick votes over the next few days. they are not actively involved in the negotiations but if these two are to get a deal, vice president and senate minority leader the house could do a quick vote. >> two other things, first, if they don't do a deal, what can the average american, expect as far as
the last time they finished the deal the tax deal we got a couple years ago that extended tax rates, cut the social security tax by a couple points. all of that ongoing right now and that is really the last hope we have to get something done before the fiscal cliff. >> does the minority leader and the senate, do they concur with the house of representatives. because it's eventually going to have to go through the house? >> absolutely. they would remaining in contact. just to make...
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Nov 15, 2012
11/12
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higher taxes on capital gains. the white house wants to raise another $584 billion over ten years, 584 billion of that over ten years by reducing the value of certain tax breaks, cutting tax breaks with his charitable contributions, mortgage payments. that might have an impact on the housing industry. that should give everybody a little excited. something good going here, as the saying goes in the housing industry. let's squash that. the rest of the president's money would come from several places, let's get serious for a moment. that breaks down to $160 billion each year. that still leaves a hole of $840 billion if we want to balance the budget. the president's -- here looking at a $1 trillion deficit. president likes to demonize the bush tax cuts. he won't tell you this, but i will. the tax revenue is already increasing to the federal government under the bush rates. in fact, individual income tax payments have risen $2,303,000,000,000 over the course of the past two years, up 26%, 26%. by the way, raising the ma
higher taxes on capital gains. the white house wants to raise another $584 billion over ten years, 584 billion of that over ten years by reducing the value of certain tax breaks, cutting tax breaks with his charitable contributions, mortgage payments. that might have an impact on the housing industry. that should give everybody a little excited. something good going here, as the saying goes in the housing industry. let's squash that. the rest of the president's money would come from several...